Results 11 to 20 of about 75,056 (44)
The Macroeconomics of the Greek Depression
Social Science Research Network, 2019 Greece experienced a boom until 2007, followed by a collapse of unprecedented magnitude and persistence. We assess the sources of the boom and the bust, using a rich estimated dynamic general equilibrium model.
Gabriel Chodorow-reich +2 more
semanticscholar +1 more source
Trade in Commodities and Business Cycle Volatility
American Economic Journal: Macroeconomics, 2018 This paper studies the role of differences in the patterns of production and international trade on the business cycle volatility of emerging and developed economies.
D. Kohn +2 more
semanticscholar +1 more source
Countercyclical Capital Regulation in a Small Open Economy DSGE Model
Social Science Research Network, 2018 We examine, conditional on structural shocks, the macroeconomic performance of different countercyclical capital buffer (CCyB) rules in small open economy estimated medium scale DSGE.
Matija Lozej +2 more
semanticscholar +1 more source
Distortions and the Structure of the World Economy
American Economic Journal: Macroeconomics, 2017 We model the world economy as one system of endogenous input-output relationships subject to frictions and study how the world’s input-output structure and world’s GDP change due to changes in frictions.
Lorenzo Caliendo +2 more
semanticscholar +1 more source
Optimal Policy under Dollar Pricing
Social Science Research Network, 2017 Empirical evidence shows that most international prices are sticky in dollars. This paper studies the policy implications of this fact in the context of an open economy model with general preferences, technologies, asset markets, nominal rigidities, and ...
Konstantin Egorov, D. Mukhin
semanticscholar +1 more source
The Twin Ds: Optimal Default and Devaluation
The American Economic Review, 2014 A salient characteristic of sovereign defaults is that they are typically accompanied by large devaluations. This paper presents new evidence of this empirical regularity known as the Twin Ds and proposes a model that rationalizes it as an optimal policy
Seunghoon Na +3 more
semanticscholar +1 more source
Fiscal Rules and the Sovereign Default Premium
Social Science Research Network, 2012 We study fiscal rules using a sovereign default model. A debt-brake (spread-brake) rule imposes a ceiling on the fiscal deficit when the sovereign debt (spread) is above a threshold.
J. Hatchondo +2 more
semanticscholar +1 more source
Phillips Curves in the Euro Area
Social Science Research Network, 2019 We perform a robust estimation of the Phillips curve in the euro area using a battery of 630 theory-driven models. We extend the existing literature by adding model specifications, taking into account the uncertainty in the measurement of variables and ...
Laura Moretti +2 more
semanticscholar +1 more source
Social Science Research Network, 2009 This paper develops a two-country monetary DSGE model in which households choose a portfolio of home and foreign equities, and a forward position in foreign exchange. Some nominal goods prices are sticky.
C. Engel, A. Matsumoto
semanticscholar +1 more source
The Missing Food Problem: Trade, Agriculture, and International Productivity Differences
, 2015 Trevor Tombe
semanticscholar +1 more source